Vice Chancellor Lori Will, of the Delaware Court of Chancery. Courtesy photo
Vice Chancellor Lori Will of the Delaware Court of Chancery has approved $1 million of the $2.8 million in fees plaintiffs’ counsel in an excessive compensation case asked for without defense opposition, reasoning the case had a clear-cut and short path to settlement from the beginning and the claimed value of that settlement was unsupported.
The decision awards $1 million to Levi & Korsinsky and Farnan attorneys who represented a shareholder of Cleveland-based aerospace manufacturer TransDigm Group Inc. in his derivative case challenging board members’ compensation.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
